168 Thompson Avenue Cowes, VIC 3922

168 Thompson Avenue presents an exceptional commercial investment opportunity in the heart of Cowes, currently leased as established medical consulting rooms with secure long-term tenancy in place. Positioned on a substantial allotment of approximately 875sqm, the property combines a high-performing commercial investment with the added flexibility of self-contained accommodation upstairs.

The property is securely leased with 2 x 2-year option terms remaining, delivering a strong 7% gross return with annual rental increases, while all outgoings are payable by the tenant, providing an attractive set-and-forget investment opportunity.

Purposefully configured for medical or allied health use, the ground floor features four treatment/consulting rooms, a welcoming reception area and functional layout suited to ongoing healthcare operations. The upstairs self-contained accommodation offers additional versatility for owner occupation, staff housing or supplementary income potential.

Key Features:

Secure medical tenancy with 2 x 2-year options remaining
Strong 7% gross return
Annual rental increases
Tenant pays all outgoings
Approx. 875sqm landholding
Four treatment/consulting rooms
Reception and waiting area
Self-contained accommodation upstairs
Excellent investment with future flexibility

A rare opportunity to secure a quality commercial asset in one of Phillip Island's most tightly held locations.

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This property for sale in Cowes is proudly presented to you by Ray White Real Estate Phillip Island